NOTICE OF CHANGED SHAREHOLDING
(mutually from Avanza Bank Holding AB (publ) and Försäkringsaktiebolaget Avanza
Pension)

Försäkringsaktiebolaget Avanza Pension, organization number 516401-6775,
("Avanza Pension") has on July 11th 2022 decreased its shareholding in Targovax
ASA. Avanza Pension has on July 11th 2022 sold 845 shares in Targovax ASA (ISIN:
NO0010689326) at the price of 1,21 NOK per share. After the trade, the
shareholding in Targovax ASA has decreased to 9423437 shares which corresponds
to 5,00 % of the total amount of shares and voting rights in Targovax ASA.

Avanza Pension is fully owned by the mother company Avanza Bank Holding AB
(publ), organization number 556274-8458. The address to Avanza Bank Holding AB
(publ) is Box 1399, 111 93 Stockholm, Sweden. The address to Avanza Pension is
Box 13129, 103 03 Stockholm, Sweden. It is underlying insurance clients to
Avanza Pension who have sold the shares.